Cayman Islands Population: 57,268

The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency. The territory has transformed itself into a significant offshore financial center.

name: George Town (on Grand Cayman) geographic coordinates: 19 18 N, 81 23 W time difference: UTC-5 (same time as Washington, DC, during Standard Time) daylight saving time: a decision has been made to introduce DST in the archipelago for the first time beginning in 2016; a date for implementation is pending, though it seems likely it will match the date used in the US and Canada

cabinet: The Cabinet (6 members selected from the Legislative Assembly and appointed by the governor on the advice of the premier) elections/appointments: the monarchy is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or majority coalition appointed premier by the governor

Legislative branch:

description: unicameral Legislative Assembly (20 seats; 18 members directly elected by majority vote and 2 ex officio members - the deputy governor and attorney general - appointed by the governor; members serve 4-year terms)

highest resident court(s): Court of Appeal (consists of the court president and at least 2 judges); Grand Court (consists of the court president and at least 2 judges); note - appeals beyond the Court of Appeal are heard by the Judicial Committee of the Privy Council (in London) judge selection and term of office: Court of Appeal and Grand Court judges appointed by the governor on the advice of the Judicial and Legal Services Commission, an 8-member independent body consisting of governor appointees, Court of Appeal president, and attorneys; Court of Appeal judges' tenure based on their individual instruments of appointment; Grand Court judges normally appointed until retirement at age 65 but can be extended until age 70

With no direct taxation, the islands are a thriving offshore financial center. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers, and 10,000 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.9 million in 2008, with about half from the US. With no direct taxation, the islands are a thriving offshore financial center. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers, and 10,000 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.9 million in 2008, with about half from the US.

$315.6 million (31 December 2015 est.) $183.5 million (31 December 2007) $188.4 million (31 December 2006) $315.6 million (31 December 2015 est.) $183.5 million (31 December 2007) $188.4 million (31 December 2006)

general assessment: reasonably good overall telephone system with a high fixed-line teledensity

domestic: liberalization of telecom market in 2003; introduction of competition in the mobile-cellular market in 2004 boosted subscriptions dramatically

international: country code - 1-345; landing points for the Maya-1, Eastern Caribbean Fiber System (ECFS), and the Cayman-Jamaica Fiber System submarine cables that provide links to the US and parts of Central and South America; satellite earth station - 1 Intelsat (Atl (2015)